Qamar (Q) ZamanHost and Founder, Coffee With Q Show by Storytellers · trading structure, no structure, no trade

SPY ZERO DTE January 9, 2026 EDGE News | Coffee With Q

9 Jan 2026 · 1 min

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This content was created by Qamar (Q) Zaman. This content was uploaded by Qamar (Q) Zaman. This is a YouTube video titled "SPY ZERO DTE January 9, 2026 EDGE News | Coffee With Q" (created 2026-01-09). The excerpt is a single-speaker market commentary focused on SPY short-term price structure and option positioning: the presenter describes a flip zone that determines bull/bear control, notes SPY trading at 689.47 just below that zone (bear territory), highlights overhead resistance at 690 and the largest level at 693 (250M+ positions), and identifies support/Max Pain at 688 with additional support at 685 and heavy put positioning at 680. The speaker points out a danger/chop zone between 688–690 and outlines bullish and bearish scenarios depending on whether price moves above the flip zone or below 688.

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Let's break down today's structure and let the levels guide the decision-making. The bulls and bears flip zone defines who has control. Above it, bulls have the edge. Below it, bears take control. SPY is trading at 689.47, sitting just below the flip zone. That keeps us in bear territory for now. Above price sits heavy resistance. The largest level on the chart is 693 with over 250 million in position. Just below that is 690, followed by the Flip Zone. When the biggest positioning levels sit overhead, they often act as magnets, pulling price upward into those zones. Below price, Max Pain sits at 688. Under that, 685 and 680 stand out as key support zones, with heavy put positioning at 680. The danger zone today is between 688 and 690. This is Flip Zone chop where traders Bears often get whipsawed. Above the flip, bulls can reclaim control and push towards 693. Below 688, bears regain momentum towards 685 and potentially 680.